A former chief lawyer of the Commodity Futures Trading Commission (CFTC) considers that the agency is well placed to regulate the same while American regulators debate the authority which should supervise the controversial sector.
Elizabeth Davis, partner of the law firm Davis Wright Tremaine and a former CFTC chief prosecutor, said the CFTC would be good authority to take the lead in the same.
“The emphasis has had an increasing emphasis on retail market players, and the CFTC is focused on the protection of market players against fraud and manipulation, and this would include the retail population which is most likely to use the same,” Davis told Cointelegraph.
Previously, the former president of the CFTC, Chris Giancarlo, blamed the Securities and Exchange Commission (SEC) for the disturbance on the same market of the same, while the head of the working group of the Crypto de la SEC, Hester Peirce, later said that the same did not come out of the agency’s goal.
The chances of CFTC become a same regulator
The chances that the CFTC regulates the same will probably depend on how the wider regulatory framework of digital assets takes place, suggested Davis.
“If the CFTC is a jurisdiction on the crypto spot – because the winds seem to point – then I would say that the chances are quite good that even be included,” she said, adding that it would support the CFTC as the same regulator.
The former CFTC lawyer has also expressed his confidence that regulators in the laws on digital assets of the United States would probably encompass the same in the coming year “so that it is clear to the investment public which and how the same will be regulated”.
Disagreement between American agencies concerning the same regulations
Davis also underlined the current disagreement as to whether the dry or the CFTC should regulate the same market.
According to her, this disagreement demonstrates the problems and the confusion which arise from the absence of a clear regulatory framework for digital assets.
Source: Tomweb33
“The CFTC has adopted an extremely vast vision of the definition of a commodity under the law on the exchange of goods and has extended it on several occasions to encompass digital assets,” she said, adding:
“Samecoins would probably be considered a digital asset which is part of their broad interpretation of a commodity. The current jurisdictional mandate of the CFTC on the same would focus on prevention of fraud or manipulation in relation to these products. »»
Cointelegraph stretched out the CFTC to comment but did not receive an answer.
Samecoins – Cryptocurrencies often inspired by memes or internet trends – were a burning problem at the beginning of 2025 in the middle of the same launch by US President Donald Trump and the scandal of the balances associated with the Argentinian president Javier Milei.
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In the midst of investors recording the losses of the same investments, many in the community expressed their indignation as for the lack of legal clarity around the same, calling on regulators to take the situation under control.
The co-founder of Trump’s WLF criticized the big bets on the same
While regulators still have to bring legal clarity to the same, Zak Folkman, co-founder of the Crypture Venture of the Trump family, World Liberty Financial, criticized investors for having adopted a carefree approach to same investments.
“I’m not going to give someone financial advice, but I think it’s stupid enough to risk your savings of life on a same, right?” Said Folkman.
Meanwhile, local reports in Argentina have recently suggested that the United States Ministry of Justice had launched an investigation into the balanced token learned in Mile-Porte.
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